Re:Ask HN: Is HN a ‘healthy online community’? I’m doing a c...
by jamwt on Friday March 27, 2020 @04:51PM
(#22706759)
Ouch, pretty dismal take on Dropbox.
> they have never been profitable
Technically true, but mostly b/c of stock comp. Free cash flow positive for quite awhile:
https://www.macrotrends.net/stocks/charts/DBX/dropbox/free-c...
Not exactly burning money. $1.2BN in cash holdings and growing, projected for an additional $1BN this year.
> have said in their own filings they don't know when or if they will ever be profitable
.. in 2017, and this is basically just boilerplate. Just about every company that goes public says this in their S-1 these days.
Now, 3 years later: https://www.fool.com/investing/2020/02/22/investors-cheer-dr...
Re:Ask HN: Is HN a ‘healthy online community’? I’m doing a c...
by maccam94 on Friday March 27, 2020 @04:46PM
(#22706717)
Dropbox announced they plan to be GAAP profitable by the end of this year: https://www.cnbc.com/2020/02/20/dropbox-dbx-earnings-q4-2019...
Not to mention, it seems like Steve Jobs was right about DropBox. It's a feature not a product. For the same price you pay for DropBox, you can get the full Microsoft Office Suite plus 6TB of storage. The same with Google Drive and GSuite.